Copperbelt Energy Corporation Plc, EnergySeptember 29, 2019

CEC Zambia Plc and ZESCO Limited in arbitration over debt
Mining and export Power utility, CEC Zambia Plc, has informed its stakeholders that it has received notice of intention to arbitrate from ZESCO Limited over failure to liquidate debt it owes its main supplier and wheeler of power, according to a statement from the company.   “In accordance with Section 3.4(b) of the Lusaka Securities […]

Copperbelt Energy Corporation Plc, EnergySeptember 22, 2019

CEC Africa set for another weak 6 month performance on account of low Nigerian electricity tariffs
CEC Africa’s woes are poised to continue as the company reports another half-year of weak financial performance from their Nigerian operations.   “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements the Board of Directors of CEC Africa Investments Limited hereby advises the Shareholders of the Company that the Earnings Per Share […]

Energy, Puma Energy (Z) PlcSeptember 17, 2019

Puma records increased revenue at half-year 2019
Petroleum company, Puma Energy Zambia Plc, announced a profit before tax of K78.27 million at half-year 2019 despite a 3.8% dip in volumes compared to its half-year performance. “The Company recorded for the half-year ended 30 June 2019 a profit before tax of K78.27 million compared to K61.48 million recorded in the previous financial year”, […]

Copperbelt Energy Corporation Plc, EnergySeptember 9, 2019

Adjusting to new mining tax regime hurting CEC customers; CEC 2019 Half year Report
Zambia’s largest supplier of power to the mining companies, CEC Zambia Plc, has reported a 10% reduction in consumption of energy by its clients due to protraction in the making adjustments to the new mining tax regime, according to the company in its half-year performance review for 2019.   “Our customers consumed about 10% less […]

Copperbelt Energy Corporation Plc, EnergyAugust 27, 2019

CEC posts lower earnings per share on account of defaulting customer
Electricity supply company, CEC Zambia Plc., expects to post weaker results at half year 2019 due to weaker collections caused by delayed payments from one of its customers. “In accordance with the Lusaka Securities Exchange Limited (“LuSE”) Listings Requirements, the Board of Directors advises the shareholders of CEC (“the Company”) that for the six months […]

EnergyApril 18, 2019

CEC Africa’s Nigeria adventure continues to suffer
CEC Africa’s Nigerian operations have continued to be tempered by challenges it is facing in Nigeria where the company’s operations are domicile. The group has faced a myriad of challenges that include non-cost reflective tariffs, partial implementation of the Power Sector Recovery Program and nonpayment of electricity bills by government agencies which has become a […]

Copperbelt Energy Corporation Plc, EnergyMarch 12, 2019

CEC Zambia – Analysis of 2018 Performance
Corporate Bio The core business of CEC Zambia is to supply power to copper producing mines on the Copperbelt Province of Zambia and other related mining companies in the Democratic Republic of Congo (DRC) in conjunction with SNEL that country’s state utility company. CEC has two incorporated subsidiaries namely CEC-Kabompo Hydro Power Limited (CEC-KHPL)  and […]

Copperbelt Energy Corporation Plc, Energy, ZCCM-Investment Holdings PlcFebruary 6, 2019

CEC Investors in “Liquid” Windfall with ZCCM IH a Big Winner
Following Copperbelt Energy (CEC Plc) disposing off its 50% shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group, Liquid Telecommunication Holdings Limited (Liquid Telecom) in October 2018, investors in the company waited with baited breath for the CFO through his subcommittee on the board to conclude deliberations for the submission of […]

EnergyJanuary 26, 2019

CEC Africa 2018 Review – Curse of the Nigerian Micro-environment
CEC Africa’s operations in Nigeria continue to face some of the harshest macroeconomic challenges in the energy company’s footprint across Africa. “In Nigeria where the Group has operating companies, challenging conditions in the operating environment continue to affect profitability. Abuja Electricity Distribution Company Plc continues to face high losses, low collections and non-cost refle

Energy, Puma Energy (Z) PlcOctober 24, 2018

PUMA at Half Year 2018
On 28th September 2018, PUMA Energy Zambia Plc reported, through SENS Announcement on LuSE, its half year performance for 2018. The Oil Marketing Company (OMC) that is positioned at the tail end of the oil marketing value chain saw revenue increase by 20.2% at half year 2018 compared to the same time in the previous […]